Sally Beauty Holdings, Inc. (NYSE:SBH) Receives $12.70 Consensus Price Target from Brokerages

Sally Beauty Holdings, Inc. (NYSE:SBH) has been assigned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $12.70.

SBH has been the topic of a number of research reports. DA Davidson lowered their price target on Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley lowered their price target on Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Raymond James raised Sally Beauty from an “underperform” rating to a “market perform” rating in a research note on Friday, November 15th. Finally, Canaccord Genuity Group initiated coverage on Sally Beauty in a research note on Thursday, January 16th. They set a “buy” rating and a $14.00 price objective on the stock.

Institutional Trading of Sally Beauty

Large investors have recently modified their holdings of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Sally Beauty in the third quarter worth about $771,000. Barclays PLC boosted its position in Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock valued at $2,878,000 after acquiring an additional 56,879 shares in the last quarter. FMR LLC boosted its position in Sally Beauty by 2.6% during the 3rd quarter. FMR LLC now owns 15,396,347 shares of the specialty retailer’s stock valued at $208,928,000 after acquiring an additional 387,736 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sally Beauty by 306.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 341,465 shares of the specialty retailer’s stock worth $4,634,000 after acquiring an additional 257,510 shares during the period. Finally, Access Investment Management LLC grew its holdings in shares of Sally Beauty by 21.5% during the 4th quarter. Access Investment Management LLC now owns 303,845 shares of the specialty retailer’s stock worth $3,175,000 after acquiring an additional 53,670 shares during the period.

Sally Beauty Trading Down 2.5 %

Shares of SBH stock opened at $8.95 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty has a 52-week low of $8.85 and a 52-week high of $14.79. The company has a market capitalization of $912.59 million, a PE ratio of 5.36 and a beta of 1.55. The business’s fifty day moving average is $10.47 and its 200 day moving average is $12.08.

Sally Beauty (NYSE:SBH) last released its quarterly earnings results on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The business had revenue of $937.90 million for the quarter, compared to the consensus estimate of $941.44 million. On average, equities research analysts anticipate that Sally Beauty will post 1.81 EPS for the current fiscal year.

About Sally Beauty

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.